Multi-family investment properties are assigned property classifications A, B, C, or D. Property class is determined based on characteristics such as condition, location, tenant income levels, age, rental rates, appreciation, and amenities. Similarly, areas in which properties are located are categorized into A, B, C, and D classes. Understanding a property's class and area rating are imperative for determining the success rate of your investment goals and for communicating your needs to your real estate agent.
These comprehensive descriptions of each class will help you better understand how multi-family investment properties are standardized:
"A" Class Areas refer to newer growth areas.
"B" Class areas refer to older areas with stability.
"C" Class Areas are older, declining, or relatively stable areas.
"D" Class Areas are older, rapidly declining areas.
When searching for investment properties for sale in the Puget Sound Area, choosing a property with a class of equal to or higher rating than the area (for instance, a "C" class property in a "B" or "C" class area) will stimulate growth and appreciation potential. Familiarizing yourself with multi-family investment property and area classifications will help you to determine which properties and areas align with your investment goals.
Excellent Capital Hill location with a spectacular view of lake union, space needle and Olympic mountains from all the unites. Steady increasing income with long time ten...
Listing courtesy of Best Choice Realty LLC.
Turnkey apartment building in the City of Seattle. New roof and remodeled units offer an investor an great opportunity to get a high yielding asset in King County. 6 of...
Listing courtesy of The Foundation Group LLC.
Apartments are comprised of 6- 2bed/1bath, 2- 1bed/1bath, and 1 spacious studio. Generously sized with open floor plans, large closets, & designer finishes. Exterior of b...
Listing courtesy of Westlake Associates, Inc..
Legal up/down duplex. Two units with identical layouts - 2 bedrooms, 1 bath, and washer/dryer in each unit. Full renovation of lower unit in and kitchen remodel of upper ...
Listing courtesy of Pilot Ventures LLC.
With a walk score of 77, this legal duplex is a few blocks to the cafe's & boutiques on Madison and the verdant Washington Park Arboretum. With easy access to 520, and n...
Listing courtesy of Coldwell Banker Bain.